Wells Fargo & Company MN boosted its stake in shares of Evans Bancorp Inc. (NYSEAMERICAN:EVBN) by 455.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,517 shares of the bank’s stock after purchasing an additional 3,704 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of Evans Bancorp worth $195,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nationwide Fund Advisors purchased a new position in shares of Evans Bancorp in the 2nd quarter valued at about $101,000. FNY Managed Accounts LLC purchased a new position in shares of Evans Bancorp in the 3rd quarter valued at about $159,000. New York State Common Retirement Fund purchased a new position in shares of Evans Bancorp in the 2nd quarter valued at about $200,000. Rhumbline Advisers purchased a new position in shares of Evans Bancorp in the 3rd quarter valued at about $207,000. Finally, Weatherly Asset Management L. P. purchased a new position in shares of Evans Bancorp in the 3rd quarter valued at about $208,000.
Separately, Hovde Group upgraded Evans Bancorp from a “market perform” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Wednesday, January 10th.
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Evans Bancorp Profile
Evans Bancorp, Inc is a financial holding company. The Company conducts its business through its subsidiaries, such as Evans Bank, N.A. (the Bank), which provides a range of banking services to consumer and commercial customers in Western New York, and Evans National Financial Services, LLC (ENFS), which hold interests in The Evans Agency, LLC (TEA), which sells various premium-based insurance policies on a commission basis.
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